Outcome of Board Meeting

. GRANULES Date: November 02, 2026 National Stock Exchange of India Limited & BSE Limited. Scrip Code: NSE- GRANULES; BSE-532482. Sub: Outcome of the Board meeting dated November 02, 2026. Ref: Regulations 30 & 33 of the Listing Regulations. Dear Sir/Mam, The Board of Directors of the Company, at their meeting, has inter alia approved the unaudited financial results (Standalone & Consolidated) for the second quarter and half year ended on September 30, 2026 prepared under Indian Accounting Standards (Ind-AS). Pursuant to regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we are enclosing the unaudited financial results (Standalone and Consolidated) of the Company for the second quarter and half year ended on September 30, 2026. We are also enclosing the Limited Review Report of the Statutory Auditors of the Company, as required under Regulation 33 of the Listing Regulations. The meeting of the Board of Directors of the Company commenced at 03.00 P.M and concluded at 04.40 P.M. We request you take the above information on record. Thanking You. For GRANULES INDIA LIMITED CHAITANYA TUMMALA (COMPANY SECRETARY & COMPLIANCE OFFICER) Encl: As above REGISTERED OFFICE Granules India Limited CIN: L24110TG1991PLC012471 15th Floor, Granules Tower, Botanical Garden Road, Kondapur, Hyderabad - 500084, Telangana, India Contact Us: Tel: +9140 69043500 I Fax: +91-40-23115145 I mail@granulesindia.com www.granulesindia.com S.R. LLP BATL/801 & ASSOCIATES THE SKYVIEW 20 2nd Floor, Unit No: 201 & 202 Chartered Accountants Left Wing, Survey No. 83/1 Hyderabad -500 032 India Tel: +91 40 6141 6000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of Granules India Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Granules India Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of Granules India Limited (the "Company") for the quarter and half year ended September 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial [nformation Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in [ndia, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004 per Navneet Rai Ka bra Partner Membership No.: 102328 UDIN: 2-6 IO 2-32-6" V ~ /n/Y) ~~ Place: Hyderabad Date: November 2, 2026 S.R. Batliboi & Associ~tes LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295 Regd. Office: 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016 GRANULES INDIA LIMITED GRANULES Regd Office: 15th Floor, Granules Tower, Botanical Garden Road Kondapur, Hyderabad 500 084 CIN:L241 I0TGl991 PLC0l2471 Rs in millions Statement of Un-Audited Standalone Financial Results for the auarter and half year ended Seotember 30, 2026 Quarter ended Half year ended Year ended SI No. Particulars 30-Seo-26 30-Jun-26 30-Seo-25 30-Seo-26 30-Seo-25 31-Mar-26 Un-Audited Un-Audited Un-Audited Un-Audited Un-Audited Audited Income 1 Revenue from operations (a) Sale of products 9,187.09 7,788.83 8,774.09 16,975.92 16,746.21 33,918.51 (b) Other ooerating revenue 291.12 229.94 142.04 521.06 272.00 821.0Q Total revenue from operations 9,478.21 8,018.77 8,916.13 17,496.98 17,018.21 34,739.60 2 Other income 209.11 137.84 78.85 346.95 210.37 498.03 3 Total income (1+2) 9,687.32 8,156.61 8,994.98 17,843.93 17,228.58 35,237.63 4 Expenses (a) Cost of materials consumed 4,674.33 3,771.24 3,5 I 1.07 8,445.57 7,214.75 I 5,052.72 (b) Changes in inventories of work in progress and finished goods (422.86) (233.65) 217.28 (656.51) 79.25 76.81 (c) Emolovee benefits expense 1,205.21 1,131.76 1,043.47 2,336.97 2, I 02.29 4,231.30 (d) Finance costs 77.96 96.14 166.53 174.10 303.26 614.38 (e) Depreciation and amortisation expense 413.68 390.61 407.41 804.29 802.48 1,644.73 (f) Other expenses 2,278.47 2,034.87 2,030. I 6 4,313.34 4,071.42 8,137.95 Total expenses 8,226.79 7,190.97 7,375.92 15,417.76 14,573.45 29,757.89 5 Profit before exceptional items and tax (3-4) 1,460.53 965.64 1,619.06 2,426.17 2,655.13 5,479.74 6 Exceptional items (refer note 5) (121.60) (121.60) 7 Profit before tax (5+6) 1,460.53 965.64 1,619.06 2,426.17 2,533.53 5,358.14 8 Tax expense (a) Current tax 401.72 265.60 431.18 667.32 661.10 1,351.55 (b) Deferred tax (26 35) (17.42) (18 25) (43.77) (28.55) (008) Total tnx expense 375.37 248.18 412.93 623.55 632.55 1,351.47 9 Profit for the period/year (7-8) 1,085.16 717.46 1,206.13 1,802.62 1,900.98 4,006.67 IO Other comprehensive income (net of tax) (a) (i) items that will not be reclassified to orofit or loss - 21.24 (ii) income tax on (i) above - (5.35) (b) (i) items that will be reclassified to profit or loss 233.74 319.43 (123.06) 553. 17 (134.15) (497.54) (ii) income tax on (i) above (58.83) (80.39) 30.96 (139 22) 33.75 125.23 Total other comprehensive income, net of tax 174.91 239.04 (92.10) 413.95 (100.40) (356.42) II Total comprehensive income (9+10) 1,260.07 956.50 1,114.03 2,216.57 1,800.58 3,650.25 12 Paid-up equity share capital (Face value of Rs.I/-per share) 272.78 247.80 242.67 272.78 242.67 247.80 13 Other equity 43,743.36 14 Earnings oer share (Face value Rs. I/-each) (a) Basic (in Rs.) 4.31 2.90 4.97 7.21 7.84 16.48 (b) Diluted (in Rs.) 4.21 2.84 4.97 7.05 7.84 16.47 (Not annualised) (Not annualised) (Not annualised) (Not annualised) (Not annualised) (Annualised) Standalone statement of Assets and Liabilities: Rs in millions Asat As at Particulars September 30, 2026 March 31, 2026 Un-Audited Audited I ASSETS Non-current assets a) Prop [Showing first 8,000 characters — download PDF for full document]